One of the real treasure troves--the famous library of Pliny the Elder in Pompei--is just now being examined thanks to new technology.
They found a lot of charred papyrus rolls in a villa which they think belonge to Pliny--but the condition made them unreadable. I understand they are working on them now with some kind of electronic (x-ray?) technology.
Wouldn't it be incredible if they found all the lost works of antiquity?
I believe you mean the library of the Piso family:
Herculean task for modern scholars
More on the Discovered Roman Literature being unearthed.
The UK Times | April 05, 2002 | By Robert Fowler
Posted on 04/05/2002 3:43:19 PM PST by vannrox
http://www.freerepublic.com/focus/f-news/660508/posts
Somewhere around here there are a few more topics about that, and about the Oxyrhynchus Papyri.
Ah, here's pointers to the rest:
http://www.freerepublic.com/focus/f-news/1333554/posts?page=10#10